Zoom Logo

Save the Date: FE Budget Webinar - Shared screen with speaker view
Sarah Racicot
46:19
Hello all who have joined us - please feel free to ask questions here in the chat function and we will address throughout the webinar.
David
48:50
Do reporting and accounting requirements differ between incorporated MSA's and non-incorporated MSA's with fuds held by FESC?
Patti Murphy
59:28
love exel templates; please share so I don't have to recreate wheels
Julie Longo
01:00:03
Will do Patti. We will be adding this to the fe website in april and I can share this with you too
Patti Murphy
01:02:12
re contingency - do you actually call it a Contingency Activity in FEMS? (I could do a quick search, but if you can answer now, great
David
01:03:11
We build a contingency into the FEMS Activity for each project when we do the project specific budget. It doesn't show as a specific line item
Patti Murphy
01:04:20
that's how I do it too....thought I was missing something; thanks.
Julie Longo
01:05:26
You can also add an Engagement Activity called contingency
David
01:06:36
We would then need to re-assign $$ from Contingency to each project Activity account if the individual project goes over budget and needs contingency.
Patti Murphy
01:07:24
do we know if Enkel fees (under IOE) will remain the same for 20/21?\
David
01:07:58
Happy
Patti Murphy
01:08:05
happy
stephenkaye
01:08:31
why are the ENKEL fees?
stephenkaye
01:08:45
Sorry what are the Enkel fees?
Julie Longo
01:09:27
Enkel fees are for unincorporated MSA's. It's like a society's accountant.
Sarah Racicot
01:09:28
Enkel fees apply only to those sites that are unincorporated as Enkel functions as the accountants for those sites
stephenkaye
01:09:58
Ok thanks
David
01:10:20
Does anyone use forecasting to track the rate of expenditure and to account for known future expenditures (projects not yet started) in order to keep track of expenditures vs budget
Patti Murphy
01:11:42
should also have a line of potential in-kind
Patti Murphy
01:14:56
potential or confirmed cost share
David
01:20:33
This is where a forecast document would be handy to show anticipated spending later in the year against anticipated tranche of funding
David
01:24:55
Apologies. I have to leave the webinar early to deal with an urgent clinical task.
David
01:25:05
Thanks to the presenters
Cindy Myles
01:25:17
Thanks David for attending and your questions/comments